Third Annual ELI-Stetson Wetlands Workshop – Wetlands Mitigation and Long-Term Stewardship: Financial Challenges and Title Issues

ELI and Stetson Law are pleased to sponsor the 3^rd Annual ELI-Stetson Wetlands Workshop.  The 2008 Federal Compensatory Mitigation rule states that a key component of a long-term management plan is the identification of a funding mechanism to meet management needs. Long-term financing mechanisms can include non-wasting endowments, trusts, and contractual arrangements with future responsible parties. With more than seven years of experience under the rule, it is an appropriate time to consider what approaches have worked well—as well as those approaches that have performed poorly. The 2008 rule also provided that compensatory mitigation projects must have long-term protection through real estate instruments, such as conservation easements, title transfer to appropriate entities, restrictive covenants, or other mechanisms. These protections must, to the extent appropriate and practicable, prohibit incompatible uses that might otherwise jeopardize the objectives of the compensatory mitigation project. This workshop featured speakers from various mitigation banks and federal and local governments for an in-depth discussion on the issues surrounding the long-term financing and legal protection of wetland mitigation sites.

This event is cosponsored by the Environmental and Land Use Law Section of the Florida Bar.

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